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Thread: Costs for Individual Health Insurance Premiums?

  1. #1
    Super Member Lisanne's Avatar
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    Is anyone here in health insurance? Or does anyone here have an individual health insurance plan (as opposed to being part of a group plan through an employer)?

    I'm wondering what the premium costs would be for an individual plan to cover myself only? I know it depends on all kinds of things, such as age and health conditions, but I just want a sense of the range.

    For what it's worth, I'm middle aged and do have health conditions, and I do want a decent plan (not an HMO, no impossibly high deductibles).

    I'm just looking for an in general amount or people's experiences. Also, if you're happy with your insurance, I'd like to know what company it is.

  2. #2
    Super Member 0tis's Avatar
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    Well, I have years of experience with this - my husband is self employed and we have paid for years - we keep increasing our deductible because the prices keep going up. I am in my late 40's - my hubby is early 50's - we have some issues but not anything - mostly the aches and pains of getting older - we pay (sit down) over $ 600 per month - with a high deductible - its outrageous how much it keeps going up - I am afraid we are going to be priced out of it soon. Good luck and stick with a solid company like Blue Cross/ Blue Shield or whatever you have locally.

  3. #3
    Super Member jljack's Avatar
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    Otis, this is what I am afraid of finding out soon. I want to semi-retire next year, but won't be eligible for MediCare until 5 years from now, so I am a little afraid of what I'm going to have to pay for insurance. However, I don't have expensive meds or medical treatments needed routinely, so maybe I can find cheaper.

  4. #4
    Super Member bluteddi's Avatar
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    Rates as of 3 yrs ago, I was mid 40's moderate health issues wt/ht approptiate/ non smoker/light drinker.

    for just myself , $1500 deductable , PPO. I paid @$1400 per Qtr. It paid off fairly quickly. 75/25 ( they paid 75 % and I paid 25 % of bill....)

  5. #5
    Super Member May in Jersey's Avatar
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    DH and I are on Medicare and have supplemental group insurance through his former employer. Just been notified by that they will no longer have the group plan info to choose from but with a phone call they will help guide us to a new plan for 2012. Don't care how nicely they word it, their Human Resources will have nothing to do with any problems and will be unavailable for any assistance and we'll be out a lot of dollars for our new insurance.

  6. #6
    Super Member Glassquilt's Avatar
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    I'm now on Medicare & doing a happy dance.

    I had a $5000.00 deductible and paid $829.54 every two months. As far as I was concerned since I had to pay for everything, I wasn't insured - just catastrophic insurance.

  7. #7
    Senior Member sandraa's Avatar
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    We too have always been self-employed and right now we have BCBS and pay $1200 month with a $3500 ded and then pay 20% untill we reach $5000, then it kicks in 100%. The only good is that medical is deductable if you itemize and the premiums are deductible on the business side and we own a business. But, I have already paid out almost $10,000 this year in medical plus the premiums. OUCH

  8. #8
    Super Member greenini's Avatar
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    My 61 y.o. cousin just said she's paying $500 a month in Atlanta, Ga, but I'm not really sure who or what deductible. At the moment we are very, very lucky that we have Medicare and BC/BS thru DH's retirement.

    May, I'm scared spitless, they are trying to do us the same way, it's that company that is in big financial trouble NOT, Verizon, the one that can afford to pay it's CEO and President both mega bucks, but resents paying health care premiums for both employees and retirees.

  9. #9
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    Quote Originally Posted by Glassquilt
    I'm now on Medicare & doing a happy dance.

    I had a $5000.00 deductible and paid $829.54 every two months. As far as I was concerned since I had to pay for everything, I wasn't insured - just catastrophic insurance.
    Glassquilt, please pay attention to what is going on in Congress these days. There are proposals to give Medicare recipients a 'voucher' to purchase health insurance - voucher amount poposed as $5,000 - which seems like a lot of money, until you try to buy a decent health insurance policy with it.

    I'm watching that issue closely as will be 65 in 3 years. I don't see vouchers helping anyone but insurance companies.

    So far I haven't heard one word about what MUST be included in a health insurance policy that could be purchased with a voucher, nor have I seen whether the proposed voucher would have to be paid up front by us (and then refunded as a tax credit or something when we file federal taxes) or whether it will be automatically paid by the federal government. If it has to be paid up front, how many of us will have the $$$ to do that?

    I wonder if insurance companies will be allowed to refuse treatment for 'pre-existing' conditions - most of us over 65 do have at least one pre-existing conditions - a very important question.

    What happens when insurance company raises prices or cuts benefits or both?

    This particular issue is a very important one for people approaching retirement. Many of us count on having medicare plans to help us with medical expenses as we age. I think Medicare 'vouchers' have a great potential to wind up costing us much more money, providing fewer benefits us more than current Medicare costs, giving fewer benefits and/or just plain price us out of the health insurance market altogether.

  10. #10
    Super Member May in Jersey's Avatar
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    "May, I'm scared spitless, they are trying to do us the same way, it's that company that is in big financial trouble NOT, Verizon, the one that can afford to pay it's CEO and President both mega bucks, but resents paying health care premiums for both employees and retirees"

    Yes, Me too. Also watching what's happening in Congress but fear we have little influence on decision making. Decisions are being made that will only benefit big business, namely insurance compaines,and those decisions will be putting a heavy burden upon the average person.

  11. #11
    Super Member Lisanne's Avatar
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    Okay, I am many years from being eligible for Medicare. And I have diagnoses that may well disqualify me from being eligible for most insurance plans. What might the premiums (for a good plan, a PPO-type plan so the costs are controlled, but without needing approval every time I need a test) be like for me? Anyone?

  12. #12
    Super Member ptquilts's Avatar
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    move to Vermont, we have a great health care system for lower income people,working or not.
    Premiums depend on how much you can afford.

  13. #13
    Super Member seamstome's Avatar
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    It will depend on the state you live in, your age and your health. It is usually in the range of 300-1000 a month for a large deductible policy. Mine is 600 a month for 3000 deductible and then 100% coverage.

  14. #14
    Super Member Snorky Lvs2Quilt's Avatar
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    Hubby and I have been looking for almost a year now. We too have a few pre-existing conditions, nothing earth shattering, and we cannot afford health insurance on our own. Hubby would love to retire but we cannot lose our health insurance through his company. I have heard that in 2014 all insurance companies will be required to insure all people regardless of pre-existing or not. Only problem is, there isn't any cap or ceiling as to how much they can charge you per month. A friend of mine is paying $1,000 per month for just her alone on insurance due to a pre-existing condition. Not sure what the answer is. DH is 5 yrs away from Medicare and I am a year and a half behind him. We have a ways to go to retire I am afraid. We could now if it weren't for medical.

  15. #15
    Super Member ssgramma's Avatar
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    Healthy and 59 with a $7,500 deductible it's just over $500 a quarter here.

  16. #16
    Junior Member genafan201's Avatar
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    I'm 53...been working at the same company for the past 23 years. We have a good group plan, but even with that, the plan was I would get to "retire" at 55, and even having to get our own insurance, after all the hard SAVING we've been doing, we would have been good...

    Three years ago I was diagnosed with breast cancer. Thankfully I'm now cancer free, but lets guess where the retirement plan is now ?!? Pretty much ain't happening...

  17. #17
    Super Member Lori S's Avatar
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    I am self employed and purchase my own insurance.... It is one tough world out there .. sometimes even finding someone who will quote you insurance.
    I spend LOTS of hours ... after BCBS who I had a policy for 4 years and NEVER had one claim... decided I was now uninsurable since I changed the name of my company .... it was unbelievable !!!! ( I finally figured it out ... I was now over 50 , and they wanted any excuse to drop me) .
    One word of advice never go one minute without or new insurance companies will not even look at you ... as they think you are scrambling for insurance because you have an issue you need insurance for.
    I finally found a policy with Etna ... not a great plan but will cover a major need on a 80/20 basis ... I pay the 20 percent.
    I suggest you find a group through what ever means you can...AARP .... Some credit unions have a plan.... do alot of homework.

  18. #18
    Super Member Lisanne's Avatar
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    Quote Originally Posted by Lori S
    I suggest you find a group through what ever means you can...AARP .... Some credit unions have a plan.... do alot of homework.
    Thanks for these ideas, and your other good advice and the sharing of your experience as well. I'm over 50, too, will see what AARP and my credit union has. I have a couple months of COBRA left to do the research.

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